://ssrn.com/abstract=2420025" Globalisation, Inflation and Monetary Policy in Asia and the Pacific … prices. Given such misdiagnosis risk, the results in this paper strengthen the case for targeting headline inflation as part …

China, as well as in financial uncertainty, affect the macro-financial stability of emerging Asia. Also, I investigate how … variations affect key local macro-financial variables like the exchange rate, inflation, and GDP growth. Further, I find that … results, I assess the risk of capital flight in emerging Asia in the context of a stressed environment with adverse global …

This paper analyzes how the global financial crisis has impacted emerging Asia and identifies key characteristics that … how economic outcomes in emerging Asia have evolved since the crisis began in the summer of 2007, Morris Goldstein and … Asia. They then discuss how emerging Asia is "different" in ways that matter for the contagion of crises, with the emphasis …

radical implications for the conduct of monetary policy. Absent capital controls, following an inflation targeting regime is … financial crisis and reduces social welfare relative to an inflation targeting regime. Access to capital controls can correct … this monetary policy bias. With capital controls, relative to an inflation targeting regime, the time-consistent regime …

This paper explores financial spillovers between emerging Asia and advanced economies using principal component … analysis to extract common shocks in Asia. We first investigate stock market spillovers across the regions and find that … spillovers from emerging Asia became significant after the global financial crisis. However, our industry-level analysis shows …